5 Best Credit Cards to Build Credit Score

Credit Card offers multiple benefits. One of them is to build credit. If you are wondering how to build credit using a credit card and which one is the best credit card to build credit. 

A credit card for fair credit, bad credit, or no credit can be your best choice if your credit profile is thin or nonexistent, or if you’ve made credit mistakes in the past. 

In this post, I am going to share some of the best Credit Cards that you can use to build a credit history when you have no credit history. These credit cards will also help you to improve your credit score and credit history.

5 Best Credit Cards to Build Credit Score

•  Petal® 1 Visa® Credit Card 
• Discover it® Secured Credit Card
• Petal® 2 Visa® Credit Card 
• Platinum Mastercard® from Capital One 
• Discover it® Student Cash Back 

#1 Petal® 1 Visa® Credit Card 

The Petal® 1 Visa® Credit Card approves credit cards based on your account history and does not look for your credit score while applying. They make use of alternative information to find your eligibility for the card. This means it is easy to get approval for this card with limited credit history.

You will need a bank account to get this credit card. If you have no credit history but want to build one, the Petal® 1 Visa® Credit Card is worth considering. You do not need to put in a cash deposit as collateral to get this card. This card is the best overall card but you will not get any rewards on regular purchases using this card. You need not pay any annual fees and foreign transaction charges on this card.

Pros

• Credit line increase in nearly six months 
• No annual fees and no hidden charges
• Easy to get approval with a bank account
• Online approval 

 Cons

• No rewards for regular spending 
• Low initial credit limit $300
• Variable APR and Higher in case of credit is higher

 #2 Discover it® Secured Credit Card

Discover it is a secured credit card that is available to individuals without any credit report. A secured credit card could help you build your credit history to make more things possible tomorrow.

The Discover it® Secured is the best-secured credit card on the market today since it lets consumers earn rewards and it doesn’t charge an annual fee.

You can easily apply for this credit card on the website. In this card, your credit line depends on your deposit amount starting from $200. This card offers 2% cashback up to $1000 in combined purchases at the gas station and restaurant. You also earn unlimited 1% cash back on all your other purchases automatically.

Pros

• Real Credit card with no annual fees
• Earn Rewards on every spending
• You can get your deposit back

Cons

• Security deposit required

#3 Petal® 2 Visa® Credit Card

The Petal® 2 Visa® Credit Card is another credit card that is available without any credit score. There are no fees, and you get to earn rewards for each dollar you spend.

Petal® 2 Visa® Credit Card is geared toward people with some credit history or “fair credit” compared to Petal® 1 Visa® Credit Card. 

The Petal® 2 Visa® Credit Card is free and available without any annual fees. You can get a cashback of 1% to 1.5% on every cashback. You can also get higher cashback at selected merchants. No late fees are charged on this card.  

Pros  

• Earn rewards on your spending

• No annual fee and no hidden fees

• No late or returned payment fees

• Get pre-approved without a hard inquiry on your credit report

Cons

• Minimum credit limit can be as low as $300

• APR is High

#4 Platinum Mastercard® from Capital One 

Capital One’s Platinum Mastercard® is designed for consumers with fair credit or very limited credit histories. You can easily get qualified for this card. There is no risk to your credit score with this card.

FICO credit score as low as 580 can qualify for this card. The Platinum Mastercard® from Capital One doesn’t offer any rewards, but it does give users the chance to build credit with no annual fee. There are no foreign transaction fees, and you get access to Capital One’s credit building and credit monitoring tools. This card comes with fraud coverage. 

Pros  

• Free credit score

• Free Tools to monitor your credit profile 

• Qualify for credit line increase in as little as six months

• Get pre-approved without a hard inquiry on your credit report

Cons 

• No rewards

• High APR for spending

#5 Discover it® Student Cash Back 

 The Discover it® Student Cash Back is one of the best credit cards for the student. This credit card helps students build a credit history while earning rewards. It’s easy to qualify for, and there are no hidden fees. Students with no credit or limited credit history may be able to qualify for this card.

The best part of this card is cardholders get 5% cash back on up to $1,500 spent every quarter. Additionally, cardholders get 1% cash back on other purchases. You can redeem your reward in cash anytime. You can also make use of your rewards to pay via PayPal. New cardholders get the benefit of 0% APR on purchases for six months. The APR will increase and remains variable after 6 months.

Pros  

• Earn rewards on your spending

• No annual fee and no hidden fees

• Get a FICO Credit score for free

• No APR for up to 6 months